Market Signals For The US Stock Market And Indian Stock Market - Monday, Aug. 16

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4468, 0.71%

Bullish

Bullish

Nifty

16529, 1.79%

Neutral **

Bullish

China Shanghai Index

3516, 1.68%

Bullish

Bullish

Gold

1782, 1.05%

Bullish

Bullish

WTIC Crude

68.21, -0.10%

Neutral

Neutral

Copper

4.36, 1.29%

Bullish

Bullish

Baltic Dry Index

3566, 5.78%

Bullish

Bullish

Euro

1.1796, 0.31%

Neutral

Neutral

Dollar/Yen

109.60, -0.59%

Bearish

Bearish

Dow Transports

14927, 2.93%

Bullish

Bullish

High Yield (Bond ETF)

109.16, 0.06%

Neutral

Neutral

US 10 year Bond Yield

1.28%, -1.71%

Bullish

Bullish

NYSE Summation Index

183, 28.41%

Bullish

Neutral

US Vix

15.43, -4.46%

Bullish

Bullish

Skew

160

Bearish

Bearish

20 DMA, S&P 500

4404, Above

Bullish

Neutral

50 DMA, S&P 500

4332, Above

Bullish

Neutral

200 DMA, S&P 500

3987, Above

Bullish

Neutral

20 DMA, Nifty

16017, Above

Neutral

Bullish

50 DMA, Nifty

15865, Above

Neutral

Bullish

200 DMA, Nifty

14609, Above

Neutral

Bullish

S&P 500 P/E

34.85

Bearish

Neutral

Nifty P/E

26.51

Neutral

Bearish

India Vix

12.99, 3.03%

Neutral

Bearish

Dollar/Rupee

74.24, 0.00%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

12

12

 

Bearish Indications

3

4

 

Outlook

Bullish

Bullish

 

Observation

The S&P and the Nifty rallied last week. Indicators are bullish for the week.

The markets are beginning a correction. Watch those stops.

   

On the Horizon

UK – Employment data, CPI, Eurozone – CPI, China – PBOC rate decision, Japan - GDP

   
       

*Nifty

India’s Benchmark Stock Market Index

   

Raw Data

Courtesy Stock charts, investing.com, multpl.com, NSE

   

**Neutral

Changes less than 0.5% are considered neutral

   
1 2 3
View single page >> |

Disclaimer: The views expressed here are my own and must not be taken as advice to buy or sell securities.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.